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gamblur

6 karma · joined September 25, 2014

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gamblur··on Airlines crack down on ‘mileage runs’
The Martingale simply does not work. An infinitely wealthy gambler employing this strategy over an infinite time horizon on a fair game has a neutral expectation. For every gambler who comes out ahead, another one comes out behind. Additionally, real life gamblers aren't infinitely wealthy and casino games are negative expectation.

If it "works" for you, you're just the survivor bias.